TLW Wealth Management LLC Grows Position in Meta Platforms, Inc. (NASDAQ:META)

TLW Wealth Management LLC lifted its holdings in Meta Platforms, Inc. (NASDAQ:META - Free Report) by 39.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,469 shares of the social networking company's stock after acquiring an additional 2,108 shares during the period. Meta Platforms accounts for about 2.6% of TLW Wealth Management LLC's portfolio, making the stock its 13th biggest holding. TLW Wealth Management LLC's holdings in Meta Platforms were worth $4,305,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in META. Opulen Financial Group LLC bought a new position in Meta Platforms during the fourth quarter valued at approximately $325,000. Brighton Jones LLC boosted its stake in Meta Platforms by 1.7% during the fourth quarter. Brighton Jones LLC now owns 34,551 shares of the social networking company's stock valued at $20,230,000 after buying an additional 570 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Meta Platforms by 10.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 9,456 shares of the social networking company's stock valued at $5,537,000 after buying an additional 875 shares during the last quarter. SOA Wealth Advisors LLC. boosted its stake in Meta Platforms by 5.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 3,397 shares of the social networking company's stock valued at $1,989,000 after buying an additional 178 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG boosted its stake in Meta Platforms by 3.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,459 shares of the social networking company's stock valued at $129,666,000 after buying an additional 7,587 shares during the last quarter. Institutional investors own 79.91% of the company's stock.

Insider Buying and Selling

In related news, insider Jennifer Newstead sold 519 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $737.00, for a total value of $382,503.00. Following the completion of the sale, the insider owned 27,626 shares of the company's stock, valued at approximately $20,360,362. The trade was a 1.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Javier Olivan sold 517 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $740.97, for a total transaction of $383,081.49. Following the sale, the chief operating officer directly owned 7,853 shares of the company's stock, valued at $5,818,837.41. The trade was a 6.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,677 shares of company stock valued at $105,221,340. 13.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Meta Platforms from $615.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on Meta Platforms from $635.00 to $740.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Benchmark lowered their price objective on Meta Platforms from $820.00 to $640.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. UBS Group reaffirmed a "buy" rating and issued a $812.00 price objective (up from $683.00) on shares of Meta Platforms in a research note on Thursday, June 26th. Finally, DA Davidson lowered their price objective on Meta Platforms from $800.00 to $650.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Five analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $719.29.

Meta Platforms Price Performance

Shares of NASDAQ:META traded down $0.66 during midday trading on Monday, reaching $718.35. 9,436,254 shares of the company's stock traded hands, compared to its average volume of 14,524,385. The company has a fifty day simple moving average of $658.89 and a two-hundred day simple moving average of $630.28. Meta Platforms, Inc. has a 1 year low of $442.65 and a 1 year high of $747.90. The company has a market cap of $1.81 trillion, a P/E ratio of 28.02, a PEG ratio of 1.76 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.66 and a current ratio of 2.66.

Meta Platforms (NASDAQ:META - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The social networking company reported $6.43 EPS for the quarter, topping the consensus estimate of $5.33 by $1.10. The company had revenue of $42.31 billion during the quarter, compared to analyst estimates of $41.45 billion. Meta Platforms had a net margin of 39.11% and a return on equity of 38.69%. The firm's revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.71 EPS. Equities analysts predict that Meta Platforms, Inc. will post 26.7 EPS for the current fiscal year.

Meta Platforms Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Monday, June 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, June 16th. Meta Platforms's payout ratio is presently 8.19%.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.